BCSE to start trading Yuans

The Belarusian Currency and Stock Exchange will start trading in Yuans – as informed by the National Bank

Photo: www.reuters.com

"In order to increase the efficiency of the use of national currencies in foreign economic settlements by reducing the costs of foreign exchange market participants, the trading system of the Belarusian Currency and Stock Exchange will offer an opportunity to conduct transactions with Chinese Yuans starting from March 18^th,” the National Bank statement reads.

It is informed that the Chinese Yuan / Belarusian Rouble currency pair will be traded similarly to the main currencies included in the basket of foreign currencies – as a continuous double auction with settlements on the day of the transaction.